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Individual Retirement Accounts (IRA’s)

Effective as of 11/5/18

CTCU offers three IRAs to choose from:

Traditional IRA

Allowed to contribute $5,500 per year. If over 50 years of age, your limits increase to $6,500.  Cannot exceed compensation. Reduces contributions that can be made to Roth IRAs.

Roth IRA

Allowed to contribute $5,500 per year. If over 50 years of age, your limits increase to $6,500. Cannot exceed compensation. Reduces contributions that can be made to Traditional IRAs.

IRA Term Share Certificates

IRA Certificates are available for Members with Individual Retirement Accounts. IRA Certificates give you added flexibility within your IRA. View our Certificates page for current rates and full disclosures.

Coverdell ESA (Educational)

Allowed to contribute $2,000 per child each year. Limit applies to all Coverdell Education Savings Accounts (ESA) for same child.

1.00% APY**

**Annual Percentage Yield

*1.00% Dividend Rate


If you have any questions, please call us at 903-561-2603 or 1-877-662-2828.

*Rates could change at any time.
*Minimum deposit of $20.00 is required to open an IRA.
*Dividends are compounded quarterly.
*Minimum balance of $100.00 is required to earn dividends.

Fees could reduce the earnings on the account.